“It’s me—Wang Xiaochuan, the owner of the largest rare earth company in the Bayan Obo mining area. We just met yesterday,” Wang Xiaochuan replied.
"Oh, it's Boss Wang! So, have you made up your mind?" Xu Boxue asked with a smile.
"I've thought it over, I agree to your offer! However, can your company provide me with the equivalent value in US dollars? If so, I can lower my price a bit." Wang Xiaochuan was focused on immigrating overseas with his family, and since he couldn't obtain a large amount of US dollars himself, he casually asked the people at Galaxy Mining Group.
Xu Boxue smiled. In all of China, no company has more foreign exchange reserves than Wujiang Group, and Galaxy Mining Group is a subsidiary of Wujiang Group, so of course it has no shortage of foreign exchange.
“No problem, our company has US dollars. You can exchange as much as you want. Currently, the exchange rate between US dollars and RMB is 1:8.25. The exchange rate is even higher on the black market. Our company won't take much advantage of you; we can exchange 1.2 million US dollars for you!” Xu Boxue said after considering for a moment.
"Really? Oh, thank you so much!" Wang Xiaochuan was overjoyed.
Xu Boxue kindly reminded him, "Mr. Wang, I studied abroad for a few years. To be honest, life is not easy for Chinese people overseas, and they often face discrimination from white people. Especially in recent years, with the rise of Wujiang Group and the resurgence of China, more and more foreigners are hostile to us. They believe that we have become stronger, causing them to lose their jobs! The real America is not as wonderful as you imagine..."
Wang Xiaochuan wouldn't listen to Xu Boxue's words and firmly believed that America was paradise.
The United States is so powerful, the world's number one superpower.
If I could become an American and live on American soil, my life would be complete.
"Thank you for the reminder, Mr. Xu. When can you come over so we can sign the contract?" Wang Xiaochuan frowned, his face showing displeasure. Didn't I know whether America was good or not? If America wasn't good, why would so many people want to immigrate?
"I'll be there in about half an hour." Xu Boxue chuckled. Good advice is no use to this damn fool. Maybe he really is doing well in America.
Half an hour later.
Xu Boxue and his entourage arrived at Wang Xiaochuan's rare earth company. After a brief exchange of pleasantries, they got straight to the point and signed the acquisition agreement.
"Mr. Wang, the funds will be deposited into your bank account soon. Please check your account. Finally, congratulations, you will soon be able to immigrate to the United States."
For a millionaire like Wang Xiaochuan, immigrating to the United States couldn't be easier. The US is eager for wealthy people to immigrate, so green card applications are usually approved immediately.
Wang Xiaochuan laughed excitedly. Although his body was still in China, his heart had already flown to the United States.
"By the way, Mr. Wang, I suggest that before your family goes to the United States, you could take a short-term English training course at New Oriental Education School to learn some everyday English conversation sentences," Xu Boxue suggested.
“Okay.” Wang Xiaochuan nodded; this was a good suggestion.
Neither he nor his wife spoke English, and being unfamiliar with the place and unable to speak the language in the United States was quite troublesome.
"By the way, Mr. Xu, I'll take you to meet the company's employees and announce that I've sold the company to you."
"OK."
...
...
The lightning-fast acquisition went very smoothly. At this point, not only Wang Xiaochuan's rare earth company was acquired, but many other rare earth company owners couldn't resist the lure of money and quickly sold their companies to Galaxy Mining Group.
As for those companies that haven't yet sold their businesses, they're just still considering it; most of them are already tempted.
At this time, the acquisition by Galaxy Mining Group became known to many rare earth company owners. They never expected that a financial tycoon would set his sights on the rare earth market and spend huge sums of money to acquire rare earth companies.
The owners of those rare earth companies that had not yet been acquired were overjoyed and then waited for the right price to sell.
Galaxy Mining Group had a contingency plan for this situation, which was to invest heavily.
Throw money at the other party until they kneel down.
If, after the second round of investment, someone is still unwilling to sell their company, then we'll leave them out for a while.
At that time, he will find that selling rare earths himself is not as profitable as selling rare earth companies. Seeing his peers happily spending huge sums of money, living a carefree and extravagant life, wouldn't he be envious?
Over time, they will feel unbalanced and then regret it, blaming themselves for not selling the rare earth company in the first place.
A week later, representatives from Galaxy Mining Group made new offers to the rare earth companies that had not yet sold their assets, raising the purchase price by 10% to 20% based on the amount of rare earth reserves.
Many mine owners were already quite satisfied with this, and in a short time, more than 20 rare earth companies signed acquisition agreements with Galaxy Mining Group.
At this point, some rare earth companies remained, acting like holdouts, demanding exorbitant prices and being extremely greedy.
But how could Zhao Ye possibly grant their wish?
"Let's announce it publicly: Galaxy Mining Group is recruiting workers and purchasing equipment to increase rare earth production, aiming to reach a total rare earth output of 40,000 tons by the end of this year, most of which will be exported."
Exporting is impossible; Zhao Ye is just making this claim to deliberately drive down the price of rare earths.
When the remaining rare earth companies can no longer survive, they will sell their companies to Galaxy Mining Group.
Fei Chengyi, the first CEO of Galaxy Mining Group, smiled upon hearing this: "Okay, Chairman Zhao, I'll make the arrangements shortly! I expect that after this acquisition, our group will be able to gain the bargaining power for rare earths in China."
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
